As digital asset use increases, understanding Web3 wallets is necessary. Read on to understand the use, benefits, impact and future of Web3 wallets.
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Send
How to Send USDC to Phantom Wallet
6
min read
We explain how to send USDC on Solana to a Phantom wallet through a Solana bridge, crypto exchange, and a decentralized swap.
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Spend
USDC Payments for Routine Expenses
3
min read
See how Spritz is working with Circle and USDC to bring real-world bill paying utility to Web3 through the Spritz app.
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Trade
USDC’s Role in Global Crypto Capital Markets
3
min read
Learn about the important role of digital dollar stablecoins like USDC for institutional traders in rapidly expanding global crypto capital markets.
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FAQs
What is USDC?
USDC is a digital dollar. It combines the power and stability of US Dollars with the speed of the internet. You can use USDC just like you would any dollar – to buy and trade assets, to send and receive payments, or to save your money.
How is USDC different from a dollar?
Unlike dollars, USDC is a form of cryptocurrency. Because it’s blockchain-based, USDC moves at the speed of the internet, near-instantly and without the high fees associated with traditional finance. But unlike most forms of crypto, USDC is backed by highly liquid cash and cash-equivalent assets.
Who issues USDC?
USDC is issued by Circle, a financial technology company headquartered in the United States. In the United States, Circle is regulated as a money transmitter, and holds those licenses in all U.S. jurisdictions where required. In addition, Circle holds virtual currency licenses in New York and Louisiana, and is registered as a “Money Services Business” with FinCEN. Circle also holds relevant international licenses in Singapore, UK, and Bermuda.
USDC is backed 100% by cash and highly liquid cash-equivalent assets. The majority of the USDC reserve is held in the Circle Reserve Fund
(USDXX),
an SEC-registered 2a-7 government money market fund. Daily, independent, third-party reporting on the Circle Reserve Fund portfolio is publicly available via BlackRock.
USDC is natively supported on 16 blockchain networks: Algorand, Arbitrum, Avalanche, Base, Celo, Ethereum, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS, Solana, Stellar, Sui, and zkSync – with more expected in the future.
